Ahold Delhaize jumps to all-time high on Q1 earnings beat

Shares in supermarket group Ahold Delhaize AD.AS rise about 5% after it reported better-than-expected Q1 core profit and revenue growth

Ahold reports underlying operating income at EUR 609 mln, above EUR 600 mln seen in company-compiled consensus

"Thanks to a consistent balancing of top line growth, margins, cash generation and shareholder remuneration AD clearly outperformed the Benelux consumer goods sector, despite operating in mature and very competitive markets," Degroof Petercam says

In the U.S., the group's major market, sales grow by 3.1% on a comparable basis, much above the 1.9% seen in consensus, notably driven by a double-digit growth in online sales

The share price reaches its an all-time high

The stock, which tops Amsterdam blue-chip index .AEX is on track for its best day since mid-February 2023